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Hastings Holdings, Inc.

Hastings Holdings, Inc.

Hastings Holdings, Inc., registered with the Securities and Exchange Commission in April 2001, is one of the holding companies headed by business mogul Manuel “Manny” V. Pangilinan created using the PLDT Beneficial Trust Fund. Its immediate parent company is PLDT’s media arm, MediaQuest Holdings, Inc.

Hastings Holdings is primarily involved in print media. The company’s 2022 General Information Sheet lists three subsidiaries or affiliates involved in different media organizations: Treasurekeeper Holdings, Inc., which has shares in the broadsheet Philippine Daily Inquirer through Excel Pacific Holding Corporation; Philstar Daily, Inc. which publishes the broadsheet The Philippine STAR while its subsidiary PhilStar Global Corporation runs Philstar’s online website philstar.com and Interaksyon; Pilipino Star Ngayon, Inc. which handles STAR’s tabloids Pilipino Star Ngayon and Pang-Masa, STAR’s business magazine BusinessWorld, and regional newspapers The Freeman and Banat News.

Hastings Holdings president Miguel Belmonte also serves as president and CEO of The Philippine Star, BusinessWorld, and Pilipino Star Ngayon, and sits on the board of Cignal TV and Nation Broadcasting Corporation of the Philippines.

The chairman of the board of Hastings Holdings is Ray Espinosa, associate director and head of the communications bureau of Hong Kong-based First Pacific Co. Ltd. of Indonesian tycoon Anthoni Salim.

Key facts

Mother Company

PLDT Beneficial Trust Fund (Board of Trustees for the Account of Beneficial Trust fund Created Pursuant to the Benefit Plan of PLDT Co.)

Business Form

Private

Legal Form

Stock Corporation

Ownership

Individual Owner

Manuel “Manny” V. Pangilinan

Pangilinan is the individual known to exercise control over this media empire although that does not happen through ownership of shares.

Hastings Holdings, Inc. is a 99.99%-owned subsidiary of MediaQuest Holdings, Inc., which is chaired by Pangilinan.

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Media Outlets
Other Media Outlets

Other Print Outlets

Philippine Daily Inquirer (3.36)

Other Online Outlets

philstar.com (13.8%)

Facts

General Information

Founding Year

2001

Affiliated Interests Founder

Manuel “Manny” V. Pangilinan

or popularly known as MVP, had built his name as the man behind the country’s biggest companies such as PLDT, Smart, Meralco, and Maynilad. He heads the most influential companies in various industries ranging from mining, media, food, and healthcare.

Pangilinan serves as First Pacific Co. Ltd.'s managing director and chief executive officer, alongside the following positions within the MVP Group of Companies: president and CEO of Philippine Long Distance Telephone Company and Smart Communications Inc. He also serves as chairman, vice-chairman, and board director at: Manila Electric Co., Maynilad Water Services Corp., Mediaquest Inc., TV5 Network, Inc., Philex Mining Corp., PXP Energy Corporation, NLEX Corporation, Landco Pacific Corp., Medical Doctors Inc., Colinas Verdes Hospital Managers Corp., Riverside Medical Center Inc. in Bacolod, East Manila Hospital Managers Corp., Asian Hospital, Inc., Central Luzon Doctors’ Hospital in Tarlac, De Los Santos Medical Center, Metro Pacific Zamboanga Hospital Corp., and The Megaclinic, Inc.

Employees

Missing Data

Contact

21/F Marajo Tower, 26th West cor. 4th AvenueBonifacio Global City, Taguig

Tax/ ID Number

210-967-543

Financial Information

Revenue (Financial Data/ Optional)

221,669 US$ / 12,276,015 PhP

Operating Profit (in Mill. $)

Missing Data

Advertising (in % of total funding)

Missing Data

Management

Executive Board

Jaime Miguel G. Belmonte

is the President of Hastings Holdings, Inc.

Non-Executive Board

Carlos R. Sizon

is the Chief Finance Officer of Hastings Holdings, Inc.

Supervisory Board

Missing Data

Other Influential People

Missing Data

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

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Meta Data

Conversion rate on Nov. 28, 2023: PhP55.459 per US$1.

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